You have to hand it to the Academy—there’s hardly a higher profile way to draw attention to the plight of the Visual Effects industry in Hollywood than playing the theme from Jaws before cutting off an Oscar-winning VFX veteran explaining how fucked VFX is. If the famously-overbudget movie was remade today—or, rather, WHEN it is remade—Jaws would have a CGI shark that will be largely animated overseas, by a huge company that underbids on its budgets, doesn’t pay artists on time, and is perched on the edge of repeated bankruptcy. That’s the way the industry is built now, and the question should really be: How bad does it have to get before we figure out how to fix it?